Singapore Airlines to reduce flights

According to an announcement by the carrier at the Singapore Exchange, flights to be reduced include services to Hyderabad, Mumbai and New Delhi of India, Bangkok of Thailand. Frequency on the all-business class flights to Los Angeles and Newark airports of the United States will be reduced. There will also be fewer options to London and Zurich.
However, the company said it will commence four times weekly services to Kuwait, via Abu Dhabi, from March 15. It will also increase flights between Singapore and Cairo from three times a week to four from March 12.
The company said the adjustment is to ensure the service capacity to be carefully allocated to match demand across the global network, adding that further adjustments could be made according to the market demand.

Economic stimulus plan

Compared to the uncomfortable seesaw battle in the Republican-minority Congress while debating on Bush's financial rescue plan last year, Obama's stimulus plan is more likely to enjoy an easy pass at the Congress.
As the financial crisis has spread to the real economy, a deteriorating situation is foreseeable. The congressmen and the public have realized the necessity and urgency of taking immediate and effective measures to tackle the crisis.
After several government actions including lowering interest rates and injecting fund to financial institutions failed to achieve desirable results, various parties have focused their hopeful eyes on Obama's plan to save the economy.
The joint control of Democrats in both the Senate and the House of Representatives may also help the let-go of Obama's plan. It was reported that House Speaker Nancy Pelosi promised to urge the Congress to enact Obama's stimulus before his inauguration on Jan.20.